All articles by Verdict Staff
Verdict Staff
World’s richest lose $196.2bn since Brexit
The combined net worth of the 400 richest people across the globe has been reduced by $196.2bn in the last two trading days since UK voted to exit the European Union (EU), according to Bloomberg Billionaires Index.
SEC proposes new rule for advisers to adopt business continuity and transition plans
The Securities and Exchange Commission (SEC) has proposed a new rule that would require registered investment advisers to adopt written business continuity and transition plans to preserve the continuity of services in case of business disruptions.
Brown Shipley names client director for Leeds office
British wealth manager Brown Shipley has named of Phil Harris as a new client director for its Leeds office.
Pavilion Financial to snap up Altius Holdings
Pavilion Financial, a North American employee-owned investment services firm, has agreed to purchase Altius Holdings, the parent of Altius Associates and Altius Associates (Singapore), for an undisclosed sum.
GAM to acquire Cantab Capital Partners; launches new investment platform
Swiss money manger GAM has agreed to acquire Cambridge-based multi-strategy systematic manager Cantab Capital Partners.
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Credit Suisse to roll out digital private banking platform in Hong Kong
Swiss lender Credit Suisse has expanded its digital private banking service in Hong Kong with the launch of upgraded Private Banking Asia Pacific app.
Old Mutual to float wealth unit
Old Mutual has announced plans to demerge its wealth arm and list it on the London stock exchange.
WH Ireland names head and deputy head of wealth management
WH Ireland has promoted Roddy Buchanan, its deputy head of private clients business, to head of wealth management.
J.M. Egan Wealth Advisors merges with HighTower
J.M. Egan Wealth Advisors, a registered investment adviser (RIA) with offices in Sea Girt and Madison in New Jersey and New York City, has merged with wealth manager HighTower.
What does Brexit mean for HSBC and Standard Chartered in Asia?
HSBC Holdings PLC and Standard Chartered PLC shares plunged in Hong Kong trading following Brexit results. The drop in the British pound and other possible difficulties arising from this development could increase costs and hurt their revenue.